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re: Anyone play Greystone lately?

Posted on 3/25/25 at 7:44 pm to
Posted by Cannon856
Watson
Member since Nov 2019
884 posts
Posted on 3/25/25 at 7:44 pm to
Did that neighborhood flood back in 2016? I’m thinking about buying one of the lots but I don’t want to get reamed on flood insurance.
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 3/25/25 at 7:46 pm to
Yes. But it’s still just flood zone x. Everything flooded in 2016. It’s not really a reason not to buy.
Posted by BallChamp00
Member since May 2015
7305 posts
Posted on 3/25/25 at 7:47 pm to
quote:

Where they gonna go?


They just won’t join anywhere. I’m seeing it now.

You can’t raise dues that high and figure they have to stay because “where else they gonna go?” You aren’t talking about a little 20% increase from what I responded too.
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 3/25/25 at 7:48 pm to
quote:

pay more to go private, close the range
close the range??? You want to the neighborhood to nearly die like copper?

And I’m not talking about all those old men. But a good portion of them.
Posted by BallChamp00
Member since May 2015
7305 posts
Posted on 3/25/25 at 7:49 pm to
quote:

If you lose 10-15% on a price increase


His scenario was 80% increase. Lol. You would lose 10% from a 10% increase.
Posted by BallChamp00
Member since May 2015
7305 posts
Posted on 3/25/25 at 7:54 pm to
quote:

Most of those old guys are a net loss


No such thing as a dues paying member. You are never a net loss. Guys who were never in the golf industry have no idea how hard it is to make money in F&B. If you net $1 it’s great and better than 70% of the courses in the country. Those guys staying 3 nights a week drinking beer is not adding that much more to the bottom line because you don’t have high margins on F&B.
This post was edited on 3/25/25 at 7:55 pm
Posted by fjlee90
Baton Rouge
Member since Nov 2016
8518 posts
Posted on 3/25/25 at 7:59 pm to
quote:

close the range


To the public. Should have been more specific.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
8518 posts
Posted on 3/25/25 at 8:02 pm to
quote:

Did that neighborhood flood back in 2016? I’m thinking about buying one of the lots but I don’t want to get reamed on flood insurance.


My house was just a slab in 2016. Water would have gotten into the garage, which is a few inches below the rest of the house.

I’m pretty sure there was flood damage to others.
Posted by igotit
Member since May 2016
103 posts
Posted on 3/25/25 at 8:32 pm to
From what I’ve been told, they’ve never had a single dues increase since opening. Not 1. You can’t run any business like that. Prices increase. If they want a better product, something drastic has to happen.

People will pay for quality. Just my opinion of course. You sound well informed so maybe I’m wrong.

The way I look at it — if the university club were convenient to me, I’d be a member there. I’d pay the 4000-5000 to join and pay the 400-600 dollar dues. I don’t know their exact cost.

There has to be more people like me that want quality on this side of BR and would be willing to pay.
Posted by BallChamp00
Member since May 2015
7305 posts
Posted on 3/25/25 at 8:42 pm to
quote:

People will pay for quality.


But you cannot hike it that high without showing any big upgrades first is what I’m saying.
Posted by igotit
Member since May 2016
103 posts
Posted on 3/25/25 at 8:45 pm to
quote:

without showing any big upgrades first is what I’m saying.


Couldn’t agree more. There at least would have to be a master plan or something.
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 3/25/25 at 8:57 pm to
quote:

you don’t have high margins on F&B.
Posted by DarkDrifter
Louisiana
Member since Aug 2011
5063 posts
Posted on 3/25/25 at 9:03 pm to
quote:

you don’t have high margins on F&B.


The food part of course.. Food is always the narrower part of a restaurants p&l.

But alcohol, yeah those margins are pretty damn high.
This post was edited on 3/25/25 at 9:12 pm
Posted by BallChamp00
Member since May 2015
7305 posts
Posted on 3/25/25 at 9:12 pm to
Stick to baseball Ell. Ask Dirk what he makes off a burger and beer net profit.
Posted by BallChamp00
Member since May 2015
7305 posts
Posted on 3/25/25 at 9:15 pm to
quote:

But alcohol, yeah those margins are pretty damn high.


Everything averaged out in F&B it’s really low.
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 3/25/25 at 9:18 pm to
I just find it hilarious that you defend those guys who only pay $300/month and nothing else as if they alone can support a club worth a damn. You talk about netting $1 then scoff at margins on food and alcohol when that can make a real difference because you have no wait staff and minimal kitchen.
This post was edited on 3/25/25 at 9:44 pm
Posted by DarkDrifter
Louisiana
Member since Aug 2011
5063 posts
Posted on 3/25/25 at 9:33 pm to
quote:

Everything averaged out in F&B it’s really low.


If we're referring to PP's menu a 5-15% bump in all menu items could be a solution to make alcohol sales a bit more profitable. That menu could handle a bump without much pushback while leaving alcohol prices static..

Of course that's just my opinion based off of other restaurants that I have dealings with..

This post was edited on 3/25/25 at 9:37 pm
Posted by BallChamp00
Member since May 2015
7305 posts
Posted on 3/25/25 at 10:08 pm to
quote:

I just find it hilarious that you defend those guys who only pay $300/month and nothing else as if they alone can support a club worth a damn.


Not sure why you are putting words in my mouth here. Nobody said that alone they can support a club. Youre just making it up. Like most of the stuff you post.
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 3/26/25 at 6:30 am to
Your argument was that every little bit helps (except F&B apparently) and they are not a net negative. Is that accurate?

If that’s the case then if every member paid between $250 and $300 and did nothing but golf 5 days a week, then Greystone would make money… they’d just have to get rid of the clubhouse staff, pro shop, range, probably close the clubhouse all together to save on utilities, wait who knows how long to renew the cart lease, spend much less on maintenance likely letting the bunkers go, etc. I’m sure that would work out well.
This post was edited on 3/26/25 at 6:31 am
Posted by FieldEngineer
Member since Jan 2015
2559 posts
Posted on 3/26/25 at 6:53 am to
quote:

guys who only pay $300/month and nothing else


Some of these definitely exist, but I do see lots of these fellas at the bar and getting drinks from the cart girls.

Side thought: I bet there are people who are the opposite. They join, then don’t get to golf as much as they want.
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